And as if that wasn’t an insult to the middle class, people like Elon Musk and Jeff Bezos can borrow against their stock holdings as if they were real assets, yet never be taxed on the value. But if you borrow against the value of your house, YOU get taxed on that value.
Nobody has ever been able to explain to me why this is legal
And as if that wasn’t an insult to the middle class, people like Elon Musk and Jeff Bezos can borrow against their stock holdings as if they were real assets, yet never be taxed on the value. But if you borrow against the value of your house, YOU get taxed on that value.
It makes rich people richer
It doesn’t though it’s just another way of lying about the math. Line goes up because it’s doesn’t actually represent what it’s supposed to.